The SEC has released further ESG proposals, (362 pages) that if adopted would establish disclosure requirements for funds and advisers that market themselves as having an ESG focus. 1. Require funds that say they consider ESG factors to provide investors…
Glencore is to plead guilty to bribery and market manipulation charges bought about through a joint U.S. UK investigation by the UK Serious Fraud Office and U.S. Justice Department. Glencore will pay $1.5bn in overall penalties. $1.1Bn to US authorities,…
Ransomware is a critical cyber threat vector, whose impact is increasing and only set to continue a trajectory of year-on-year increases. Setting the agenda for increased cybersecurity risk management legislation, regulatory enforcement and a continued focus on cybersecurity legislation, education…
Market regulators will address Crypto as a digital asset, alongside traditional financial products. Dean Armstrong QC #crypto #regulation #governance #g7 View Original Post
Well worth a read. The EU council announced on the 11th of May 2022 that it had reached an agreement for its Digital Operational Resilience Act (DORA), that will impact EU FIs and require the oversight and assurance of ICT…
The regulatory agenda for cybersecurity risk management is developing as are the roles of the cyber, legal and risk professional in regulatory compliance. Providing oversight and assurance of cybersecurity risk management to the board room and in turn regulators. That…
A nice article on the importance of Enterprise Wide Risk Management and ESG from the American Bankers Association. It describes the importance of the risk function in ensuring and promoting safe and sound practices, supporting strategic goals for ESG. The…
A great summary of the latest feedback on the Securities and Exchanges Commissions Cybersecurity risk management proposal is informative. It shows a split between industry, investors and regulators on the proposed ruling, the depth of feeling on cyber incident reporting,…
Regulatory compliance in the U.S. especially in the areas of Sanctions, Cyber and Crypto is creating a compliance headache both for Federal agencies and their intended recipients. While Sanctions are not new, the convergence of AML, ESG, Cybersecurity and Crypto…
The increase in regulatory scrutiny of cybersecurity will require a closer working relationship between cybersecurity, regulatory compliance, risk management and legal. As global regulators such as the SEC and those in the European Union focus in on cybersecurity risk management,…
